Does anyone use Netbank?
 

Or should I say did anyone use Netbank?

Seems like the FDIC turned out the lights there today, Fri Sep 28th. :(
http://www.netbank.com/

Looks like they just got bought out by a bigger bank

no, it doesn't.

I almost opened an acct there a few months back. Glad I didn't now.

Nope only ING here.

Very trusted plus they survived the dot com bust with their current business model.

Looks like ING scored a good deal here ->

"ING DIRECT, the nation’s largest direct bank and fourth largest thrift (part of Netherlands-based ING Groep NYSE: ING), today announced it will acquire $1.4 billion in deposits and 104,000 new customers of Netbank for $14 million."

No, I don't use Netbank

that is 10 cents on the dollar!

ummm ... the deposits belong to the account holders, not ING.

"ING, which also assumed $724 million in NetBank assets, is one of the largest Internet-only banks in the country with 6 million customers.

EverBank, a mostly online bank based in Jacksonville, on Friday said it would buy another $700 million in NetBank assets and is doing well."

ref: http://www.ajc.com/business/content/...ge_tab_newstab

:upsidedow

Basically if you had $100,000 or less, you are getting your money. If you had over $100,000 deposited you might be kicking yourself right now.

"NetBank had $109 million in deposit accounts that exceeded the FDIC limit. Those customers will become creditors in NetBank's receivership, the FDIC said."